The dynamic analysis of continuous-time life-cycle savings growth models
dc.contributor.author | Laitner, John P. | en_US |
dc.date.accessioned | 2006-04-07T19:49:18Z | |
dc.date.available | 2006-04-07T19:49:18Z | |
dc.date.issued | 1987-09 | en_US |
dc.identifier.citation | Laitner, John (1987/09)."The dynamic analysis of continuous-time life-cycle savings growth models." Journal of Economic Dynamics and Control 11(3): 331-357. <http://hdl.handle.net/2027.42/26597> | en_US |
dc.identifier.uri | http://www.sciencedirect.com/science/article/B6V85-4GP1TWK-4/2/689819038e2b8721f33109e38f841603 | en_US |
dc.identifier.uri | https://hdl.handle.net/2027.42/26597 | |
dc.description.abstract | Working with the framework of a continuous-time overlapping-generations model, this paper examines equilibrium growth paths (consistent with perfect foresight). In particular, we develop a methodology for characterizing the adjustment paths converging to new stationary states following exogenous shocks. The solution technique yields sequences of derivatives approximating the true dynamic paths and bounds for the errors of approximation. In practice, aggregating behavior over discrete-time intervals can save a great deal of effort -- considerably enhancing the set of models feasible for analysis; our error bounds enable us to aggregate without compromising our results to an unknown degree. | en_US |
dc.format.extent | 1065953 bytes | |
dc.format.extent | 3118 bytes | |
dc.format.mimetype | application/pdf | |
dc.format.mimetype | text/plain | |
dc.language.iso | en_US | |
dc.publisher | Elsevier | en_US |
dc.title | The dynamic analysis of continuous-time life-cycle savings growth models | en_US |
dc.type | Article | en_US |
dc.rights.robots | IndexNoFollow | en_US |
dc.subject.hlbsecondlevel | Economics | en_US |
dc.subject.hlbtoplevel | Business | en_US |
dc.description.peerreviewed | Peer Reviewed | en_US |
dc.contributor.affiliationum | University of Michigan, Ann Arbor, MI 48109, USA | en_US |
dc.description.bitstreamurl | http://deepblue.lib.umich.edu/bitstream/2027.42/26597/1/0000138.pdf | en_US |
dc.identifier.doi | http://dx.doi.org/10.1016/S0165-1889(87)80011-8 | en_US |
dc.identifier.source | Journal of Economic Dynamics and Control | en_US |
dc.owningcollname | Interdisciplinary and Peer-Reviewed |
Files in this item
Remediation of Harmful Language
The University of Michigan Library aims to describe library materials in a way that respects the people and communities who create, use, and are represented in our collections. Report harmful or offensive language in catalog records, finding aids, or elsewhere in our collections anonymously through our metadata feedback form. More information at Remediation of Harmful Language.
Accessibility
If you are unable to use this file in its current format, please select the Contact Us link and we can modify it to make it more accessible to you.